Pimax Secures $13.6M to Boost VR Innovation and Global Expansion

January 14, 2025
Pimax Secures $13.6M to Boost VR Innovation and Global Expansion
  • However, the release date for the Cobb compute unit remains uncertain as Pimax plans to incorporate additional features before its launch.

  • In response to community feedback and consumer protection laws in the EU and UK, Pimax has introduced a new payment model allowing customers to purchase headsets at lower prices and try them for 14 days risk-free.

  • Pimax, a Chinese startup known for its wide field-of-view PC VR headsets, has successfully raised approximately $13.6 million in an extension to its Series C funding round.

  • With this latest investment, Pimax's total external funding has now reached $82.7 million, according to Crunchbase.

  • The new capital will be allocated to expanding Pimax's research and development efforts, including increasing their development team in the United States and establishing a new R&D group in Europe.

  • Pimax aims to leverage this funding to innovate further in XR technology and enhance its global sales.

  • The company has also announced a delay in the launch of its Crystal Super headset, which is now set to ship in Q1 2025, with initial batches expected at the end of January.

  • This funding round was led by Zhuji Jingkai Capital Investment, with support from existing investor Ivy Capital, marking a significant financing achievement for a Chinese VR manufacturer.

  • In December 2024, Pimax introduced the Dream Air, a high-end PC VR headset priced at $1,895, featuring advanced components such as micro OLED panels and pancake lenses, with a launch expected in May 2025.

  • Weng Zhibin, the company's founder, attributes Pimax's success to continuous investment in R&D, leading to advancements in displays, lenses, and computing power.

  • Pimax has experienced remarkable growth, nearly doubling its revenue each year for the past three years, with about 80% of its users now coming from international markets.

  • The Dream Air will include an optional compute unit called 'Cobb', which features a Snapdragon XR2 Gen 2 chipset, enabling standalone VR functionality.

Summary based on 2 sources


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